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Crowdfunding Cannabis: Inside the Cannabis Industry’s First Attempt at Equity Crowdfunding via Leafly.comThis article is sponsored by Med-X, Inc., an emerging cannabis company working to secure equity crowdfunding for its venture. By innovating all-natural products, Med-X will provide safe and healthy cultivation practices and education to the emerging $3 billion cannabis industry. This article was originally published on Leafly.com on 1/15/16.
On June 19, 2015, the floodgates of equity crowdfunding were opened with a historic legislative provision: Regulation A+ of Title IV of the Jumpstart Our Business Startups (JOBS) Act of 2012. And with cannabis among the fastest-growing industries in America, it was only a matter of time (and a short one at that) before the two nascent industries collided. On December 16, 2015, Med-X, Inc. became the first cannabis company in the nation to kick off an equity crowdfunding campaign.
Signed into law by President Obama, the JOBS Act tasked the U.S.…